Dover (DOV) Given News Sentiment Score of 0.11
News articles about Dover (NYSE:DOV) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Dover earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 45.3313179554171 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Dover (DOV) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- A.M. Best Places Credit Ratings of Liberty Life Assurance Company of Boston Under Review With Developing Implications (businesswire.com)
- Liberty division sale involves 1,000 Dover employees (fosters.com)
- Company laying off 48 in Butler County (whio.com)
- Zacks: Brokerages Anticipate Dover Corp (DOV) to Post $1.04 EPS (americanbankingnews.com)
Several brokerages have issued reports on DOV. Zacks Investment Research raised Dover from a “hold” rating to a “buy” rating and set a $116.00 price target for the company in a report on Friday. Stifel Nicolaus reissued a “hold” rating and set a $100.00 target price on shares of Dover in a report on Thursday, December 14th. Royal Bank of Canada reissued a “hold” rating and set a $100.00 target price on shares of Dover in a report on Thursday, January 4th. Citigroup reissued a “neutral” rating and set a $96.00 target price (up previously from $90.00) on shares of Dover in a report on Monday, October 9th. Finally, SunTrust Banks reissued a “hold” rating and set a $96.00 target price on shares of Dover in a report on Monday, October 23rd. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $98.75.
Dover (NYSE:DOV) last posted its earnings results on Thursday, October 19th. The industrial products company reported $1.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.05. Dover had a return on equity of 14.10% and a net margin of 8.91%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter last year, the firm earned $0.83 earnings per share. The company’s revenue was up 17.5% on a year-over-year basis. sell-side analysts expect that Dover will post 3.94 EPS for the current year.
In related news, VP William T. Bosway sold 6,087 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $94.66, for a total value of $576,195.42. Following the transaction, the vice president now owns 21,877 shares in the company, valued at $2,070,876.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael B. Stubbs sold 41,505 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $95.67, for a total value of $3,970,783.35. Following the completion of the transaction, the director now owns 275,344 shares in the company, valued at approximately $26,342,160.48. The disclosure for this sale can be found here. Insiders sold 65,276 shares of company stock worth $6,234,042 in the last 90 days. 2.50% of the stock is owned by company insiders.
Dover Company Profile
Dover Corporation is a diversified global manufacturer delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The Company’s segments include Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment. The Company’s Energy segment is a provider of solutions and services for production and processing of fuels around the world.
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